More than 200 credit union leaders representing California, Iowa, Kentucky, Michigan, Minnesota, Nevada, Ohio, Vermont, West Virginia and Wisconsin are in Washington, D.C. this week to talk credit union issues with policymakers.
Current laws and examination practices ensure that credit unions members private information is properly protected, CUNA wrote Tuesday to the Senate Commerce Committee for the record of its hearing on data security.
The Financial Accounting Standards Board officially issued its proposal making several CUNA-backed changes to its current expected credit loss standard, first agreed to at its July board meeting. Comments will be due Sept. 19.
News Now, Policy and President Donald Trump signed the NDAA for FY19 Monday at Fort Drum, enacting the legislation without a provision CUNA fought to remove that could have negatively impacted military credit unions.
CUNA supports the creation of a robust, comprehensive reassigned numbers database, it wrote to the FCC Thursday. CUNA has raised the issue of reassigned numbers as part of other concerns with the TCPA.
CUNA, league and credit union plaintiffs filed an amended complaint Wednesday in their lawsuit against Equifax, providing significantly more detailed factual allegations demonstrating Equifax’s active failure to properly secure data.
CUNA presented the Bureau of Consumer Financial Protection with a comprehensive white paper, “CUNA's Common-Sense Reforms to Bureau of Consumer Financial Protection Rules and Procedures,” Tuesday, as part of CUNA’s continued advocacy efforts in the wake of S. 2155 being signed into law.